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Powell says there’s no need to raise interest rates at this time, officials should overlook rising energy costs

Powell says there's no need to raise interest rates at this time, officials should overlook rising energy costs

Powell Addresses Inflation Outlook Amid Rising Energy Prices On Monday, Federal Reserve Chairman Jerome Powell expressed that policymakers shouldn’t overly concern themselves with the increase in energy prices linked to the ongoing conflict with Iran, indicating that there’s currently no justification for raising interest rates. During his final public Q&A session before his term concludes […]

NYCFC discusses possible interest in Mohamed Salah

NYCFC discusses possible interest in Mohamed Salah

Mohamed Salah’s Future with Liverpool and Potential Moves As Mohamed Salah concludes his time with Liverpool this season, it seems likely that he’ll have offers from clubs eager to sign him. However, Brad Sims, CEO of New York City FC, clarified that there is currently no agreement in place for Salah to join the team, […]

Circle and Coinbase drop as regulators seek to prohibit interest on stablecoins

Circle and Coinbase drop as regulators seek to prohibit interest on stablecoins

Stablecoin Issuer Circle’s Shares Drop Amid Regulatory Concerns Shares of Circle, the company behind the stablecoin known as USDC, took a significant hit on Tuesday. This was primarily due to worries stemming from a draft of the US stablecoin bill that discusses potential limits on yields. During early trading, Circle’s stock experienced a sharp decline […]

Bitcoin Lags Behind Money Supply Increase as Energy Expenses and Interest Rates Impact

Bitcoin Lags Behind Money Supply Increase as Energy Expenses and Interest Rates Impact

Simply put Bitcoin has notably diverged from the global M2 money supply growth, with some models indicating a fair value around $136,000, while it’s currently trading near $70,000. Analysts indicate that, even though the money supply is increasing, the stringent monetary policy in the United States is restricting how much liquidity can flow into riskier […]